The economic activity in El Salvador advanced 3.7 percent year-on-year in April 2019, following a 1.1 percent growth in the previous month. It was the strongest expansion in economic activity since December 2016, as output rose further in manufacturing (3.3 percent from 0.7 in March); construction (14.6 percent from 1.2 percent); financial activities & insurance (9.1 percent from 6.7 percent); real estate (3.5 percent from 2.6 percent); professional activities (3 percent from 0.1 percent); and public administration (2.9 percent from 2.3 percent). Also output rebounded in information & communication (3.6 percent from -1.5 percent); and trade & transportation expanded 2.4 percent after stalling in March. Leading Economic Index in El Salvador averaged 3.34 percent from 1991 until 2019, reaching an all time high of 20.50 percent in March of 1992 and a record low of -7.90 percent in December of 2008.
Leading Economic Index in El Salvador is expected to be 1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in El Salvador to stand at 2.20 in 12 months time. In the long-term, the El Salvador Economic Activity Index YoY Change is projected to trend around 2.30 percent in 2020, according to our econometric models.